General Motors

General Motors
GM increases commitment to EVs, Ultium technology

By 2025, General Motors expects to have 30 electric vehicles launched worldwide, with more than two-thirds of those vehicles on sale in North America. With such lofty goals, GM gave us more details on how they expect to get there. Obviously, it’s going to require a lot of money. So much so, in fact, that […]

by Chad Kirchner
11/19/2020
GM takes ownership stake in Nikola with $2 billion deal

Nikola Motor Company this morning received a huge injection in capital thanks to the folks over at General Motors. In a massive $2 billion equity purchase deal, GM is now 11% owner of the electric and hydrogen company. According to Bloomberg, “GM will make in-kind contributions to take an 11% stake in Nikola and get […]

by Chad Kirchner
9/8/2020